Image Sourced Rafaella Resources
Market Herald logo

Subscribe

Be the first with the news that moves the market

Rafaella Resources Limited has commenced infill geochemistry at Bonza Bore at its Sandstone Project. The Sandstone Project is located 640km north-east of Perth and 700km north north-west of Kalgoorlie.

Surrounding towns are Sandstone, Wiluna, and Meekatharra. Many gold geochemistry anomalies have been discovered and published at Sandstone but due to the lack of data on these anomalies, Rafaella decided last year, to complete a programme in the region. The programme will comprise of 2,902 sample locations. Approximately 500 samples will be completed in the survey.

Once the survey is completed, samples will be submitted to ALS geochemistry for gold analysis. Rafaella is hoping that the combined results will provide its technical team with enough coverage and information to plan an air core drilling campaign.

Rafaella’s Executive Director Ashley Hood comments on the Company’s enthusiasm about its recent advancements:

“Historical data shows that Bonza Bore is an area of great potential, and further studies from our team have validated this. In addition to Bonza Bore, we have identified three other key targets at Sandstone. We look forward to keeping the market informed as the survey results are received and analysed.”

Please find the announcement attached

RFR by the numbers
More From The Market Herald
The Market Herald Video

" Ora Gold (ASX:OAU) obtains unsecured $500k loan facility

Ora Gold (ASX:OAU) has obtained an unsecured $500,000 loan facility from Ioma to assist with general…
Blaze Minerals (ASX:BLZ) - Managing Director, Simon Coxhell

" Blaze Minerals (ASX:BLZ) sees early drill success at Earaheedy, WA

Blaze Minerals (ASX:BLZ) has seen early success at its Earaheedy Basin project in Western Australia after…
The Market Herald Video

" Cannindah Resources (ASX:CAE) raises $2m to continue Mt Cannindah drilling

Cannindah Resources (ASX:CAE) completes a $2 million capital raising to continue its drilling program at Mt…

" Austral Gold (ASX:AGD) robbed of gold precipitate in armed robbery at Guanaco, Chile

Austral Gold (ASX:AGD) reported an armed robbery incident at its Guanaco refinery at Taltal in the…